OPEC Secretary general Mohammad Sanusi Barkindo has said that OPEC deal with several non-OPEC nations in 2016 saved the oil industry. Speaking ahead OPECs annual meeting in Vienna on Wednesday, Barkindo said the impact of the December 2016

Shanghai steel futures climbed 1% on June 21, recovering from a two-day slide, after China said it was considering to use monetary policy measures to support its economy amid rising trade tensions with the United States. Chinas state radio

A series of marine emergency drills were held yesterday off the northern coast of Hangzhou Bay, Jinshan District, by Shanghai Marine Rescue Coordination Center. More than 30 organizations participated in the drills, which involved 20 differ

Currently, Guangdong, Hong Kong and Macao are eagerly awaiting the release of the outline of the development plan for the Guangdong-Hong Kong-Macao Greater Bay Area. If past experience is any guide, the outline is likely to be a framework o

VV Analyst Court Smith, discusses whats next for the shipping industry if possible tarrifs are put in place by the US against China. Tankers The restriction on US crude exports was lifted in December of 2015, removing a market distortion th

Despite strong demand from the steel industry, Chinas iron ore inventories remain stubbornly high. At 157 million tonnes, stocks are slightly below the record high seen at the end of Q1, but they are well above the 136 million tonnes averag

1.Singapore's APL is to launch in August a new weekly China Australia Service 6 (CA6) that will connect ports in central and southern China to the largest cities in eastern Australia. 2.AP Moeller Maersk's subsidiary, Maersk Conta

The European Union will impose additional 25 percent tariffs on a range of U.S. products on Friday in response to U.S. tariffs on steel and aluminum, the European Commission announced Wednesday. The list of U.S. imports worth 2.8 billion eu

Chinas imported iron ore market trends weak in the morning amid a decline of RMB5/tonne in partial products. Brazilian iron ore resources in northern ports see limited decline due to tight supply and steel mills strong preference, in partic

The Chinese government has reduced restrictions on coal imports at some southern and eastern ports on concerns about higher prices and regional power shortages, as demand for electricity jumps during the peak demand months of summer. Limits

China has been contributing to the freedom and safety of navigation in the South China Sea, researchers conclude in a new report. According to the 2017 Report on Navigation in the South China Sea, Chinas regular patrols and administration o

Taiwanese transportation and logistics provider Dimerco helped a major Chinese packaging machinery supplier of the bottling industry, Tech-Long Inc, to display its nine massive blow moulding, filling and capping machines, totalling 26.9 met

1.The China Coast Guard (CCG) is conducting a seven-day cruising drill in the South China Sea to sharpen its fleet's law-enforcement capability in "strange and complex" waters in the region. 2.US LNG export project developer, Next

Kenneth Koo, chairman and chief executive of Hong Kongs TCC Group, has been appointed chairman of the 6th Sustainable Ocean Summit, which will be held in Hong Kong, 14-16 November 2018. Organized by the World Ocean Council, SOS is its signa

AP Moeller Maersks subsidiary, Maersk Container Industry (MCI), is consolidating the production of refrigerated shipping containers in China and is closing its reefer manufacturing plant in San Antonio, Chile less than three years after it